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U.S. Government Shutdown Could Wreak Havoc on the IPO Market
With the partial shutdown of the U.S. government now closing in on a month, hundreds of thousands of federal employees are going unpaid, while its damage to the American economy is now proving to be worse than the Trump administration had previously forecast. And now the longest government shutdown in U.S. history may also inflict even further pain: There are
Blockchain is Already Bigger Than Bitcoin
Fair or not, one of the major criticisms levied against blockchain technology is that its only real-world application to date remains its first one, which is as the distributed ledger that powers bitcoin. When you read or hear from critics of the technology, the word most often used to dismiss - or at least cast doubt on the potential of
It’s Different This Time: Risk Is Up and Here to Stay
Investors are likely to remember 2018 as the end of the era of easy money, low volatility and steady margin expansion. Investing will be more challenging in 2019—and diversification will be more important than ever. Among the challenges? Volatility, slower growth, less liquidity and more policy risk. When stocks sold off globally in late 2018, investment-grade and high-yield bond spreads
New AppZen Report Reveals Insight the State of AI in Business Spend
AppZen, the world’s leading solution for automated expense and invoice audits using artificial intelligence (AI), has released its January 2019 “The State of AI in Business Spend” report, which uncovers trends and insights on enterprise business spend. The report details are based on expense reports from nearly one thousand enterprises across a variety of industries. Among the findings: [REITs] Q3
Report: Snap's CFO Left Over a Pay Dispute
After Tim Stone revealed in a filing with the Securities and Exchange Commission this week that he was leaving as chief financial officer of Snap Inc. after only eight months on the job, he gave the old standby reasoning of wanting “to pursue other opportunities.” However, it turns out Stone's departure is reportedly for a different tried-and-true reason: He wanted
NYSE-Backed Bitcoin Futures Exchange Makes Acquisition to Bolster Risk Management
Fresh off a $182.5 million debut fundraising round, Bakkt - the bitcoin futures exchange being launched by the New York Stock Exchange's parent company - has announced its first acquisition. In a blog post on Medium, Bakkt CEO Kelly Loeffler said the startup has "entered into an agreement to acquire certain assets of Rosenthal Collins Group (RCG)," a Chicago-based independent
Snap is Losing its Second CFO in 12 Months
Tim Stone is resigning as chief financial officer of Snap Inc., less than a year after he left Amazon to join the struggling messaging app. Stone's resignation was revealed in a filing with the Securities and Exchange Commission on Jan. 15, which indicated he was leaving the company for the tried-and-true reason of wanting "to pursue other opportunities." The filing
New Zealand-Based Crypto Exchange Confirms it Suffered Major Security Breach
New Zealand-based cryptocurrency exchange Cryptopia suspended trading and went offline on Tuesday after revealing that it had suffered a security breach, resulting in "significant losses." The company said in a tweet that the hacking happened on Monday, January 14 and that after it had been "identified by staff, the exchange was put into maintenance while we assessed the damages."
How America’s Dying Rust Belt Town Can Transform into “Smart Cities” of the Future
The death of the American manufacturing sector made ghost towns out of cities across America. In these challenging times, some cities were successful at reinventing themselves and went on to forge new economies and transform their once-sprawling, empty lands into something new, something remarkable. Year after year, Pittsburgh appears on best cities for jobs lists, thanks to its burgeoning tech
China’s Anonymity-Unfriendly Blockchain Rules Are Set to Take Effect in February
Looking to use blockchain anonymously in China? Well, you may want to consider moving. Regulation Asia reports that China’s internet censorship agency, the Cyberspace Administration of China (CAC), has published its final rules on regulating blockchain-based information and technical services and that they are slated to take effect on February 15. The rules state that any website or mobile app